8 Steps to Starting a Start-Up

As good as a list as I've seen from VentureHacks:

  1. Move to Silicon Valley. [BC: Not mandatory]
  2. Pick a great co-founder with complementary skills.
  3. Select people with intelligence, energy and integrity.
  4. Pick a big market.
  5. Develop the minimum viable product to test your hypothesis about what the market needs. Preferably it’s a product that you’re passionate about since you’ll need to stick with it to an irrational point (the Internet especially is efficiently arbitraged).
  6. Iterate like crazy until you find product/market fit. If you don’t find it, do not raise money, do not pass go. Start over.
  7. If you have found product/market fit, raise money from high-quality people that you trust. Keep control.
  8. Scale. Hang on.

The links within the list are good as well.

###

  • Interview with Australian teen who had a party when his parents were out of town and refuses to apologize on TV.
  • Clint Eastwood lists three reasons why he will never win an Oscar.
  • Chris Yeh comment on my post on interestingness: "Things are interesting when they are both novel yet strangely familiar. It's like when you meet a new person, yet it seems like you've known them forever."
  • Interesting photo project of strangers touching each other.
  • Mexico's conflicting interests when it comes to the drug trade. Another masterful analysis from Stratfor.

14 Responses to 8 Steps to Starting a Start-Up

  1. Maxim says:

    Thanks, Ben!

    That is a great collection of useful posts full of inspiration!

  2. I am always searching online for articles that can help me. There is obviously a lot to know about this. I think you made some good points in Features also. Keep working, great job!
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  3. This guideline might come in handy for me someday but I’m still just considering it since it’s quite a big decision to make. register domain name

  4. Can you help me find a big market? I’m quite confused as to what to choose. Freight Forwarder Singapore

  5. Putting a business is kinda risky but that’s a risk I’m willing to take since I’m a motivated businessman. I’m just a beginner in this industry but I’m inspired to go on. Emas Offshore Marine

  6. These exact steps have in fact helped me in my business today. I started up this way but I’m doing great today. webhosting

  7. I think I’m gonna go with my sibling, a relative or my bestfriend as a co-founder since most of them have experience when it comes to business. ihubsolutions.com.my

  8. janedabomb13 says:

    i think the most difficult part here is finding someone you can trust. dyslexia kit set

  9. At first, I thought I really had to move to Silicon Valley. Didn’t read the “not mandatory” part. secom.com.sg

  10. I think experience should also be included in number 3. seosubmit.com

  11. Number 8 is the most difficult task for me since this is the time when you should be strong and hold on to your dreams whatever may happen especially since I’m just a starter in business. lindemh.com.sg

  12. Do you have any advice about the minimum viable product?
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  13. I’m now in the phase of finding the best market fit for me. I seem to be having some problems with it.
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  14. dumbdumb3r says:

    Is there any list for the big market here? If there is, can you please pace the link here?
    dyslexia

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